Corporate Newsletter

With our Corporate Newsletter we regularly inform you about interesting developments and innovations at Deutsche Post DHL Group and its four business divisions - Post - eCommerce - Parcel, Express, Global Forwarding, Freight and Supply Chain.

Archive

Deutsche Post DHL Group meets 2017 EBIT-guidanceDeutsche Post DHL Group can look back on another very good financial year. The Group’s operating profit climbed by 7.2% to EUR 3.74 billion in the 2017 financial year. Group revenue was up by 5.4% to EUR 60.4 billion, with all four divisions contributing to the increase.read press release

"We have continued on our profitable growth trajectory"After another very good year, the Group remains on track to attain its strategic and financial targets for 2020. In an interview, CEO Frank Appel explains why the company expects further profitable growth in the coming years and why sustainable corporate success requires more than just good numbers.read interviewwatch video interview

Deutsche Post DHL Group continues profitable growth trajectory in the third quarterDeutsche Post DHL Group once again significantly increased both revenue and operating profit in the third quarter of 2017. Group revenue was up by 5.6% to EUR 14.6 billion, with all four divisions contributing to the increase.read press release

"We are growing profitably in all divisions"In an interview, CEO Frank Appel explains why the world's leading mail and logistics company continues to perform very well and why its outlook for the future remains positive.read interviewwatch video interview

Deutsche Post DHL Group posts strong growth in revenue and EBIT in the second quarterDeutsche Post DHL Group increased revenue and operating profit significantly in the second quarter of 2017. Group revenue increased by EUR 623 million to EUR 14.8 billion, with the international parcel and eCommerce business and the global Express business in particular driving this strong growth.read press release

"On track for 2017 after a strong quarter"In an interview with DPDHL Group News, Chief Financial Officer Melanie Kreis gives a positive appraisal of progress in the first half of fiscal 2017 and lays out the company's expectations for the near future.read interviewwatch video interview

Deutsche Post DHL Group remains on course for growthDeutsche Post DHL Group increased revenue significantly in the first quarter of 2017 and posted a further improvement in operating profit. Group revenue climbed by more than EUR 1 billion to EUR 14.9 billion. With Group EBIT of EUR 885 million, Deutsche Post DHL Group surpassed the good prior-year result and registered the strongest first quarter in the company's history.read press release

"Strong revenue growth in all divisions"In an interview, Chief Financial Officer Melanie Kreis gives a positive half-time review of Strategy 2020 and explains how the company aims to continue growing in the coming years.read interviewwatch video interview

Deutsche Post DHL Group ends financial year 2016 with record earningsDeutsche Post DHL Group increased operating profit significantly in the third quarter of 2016. Group EBIT increased to EUR 755 million, representing the strongest third quarter in company history (2015: EUR 197 million). The company concluded the 2016 financial year with record earnings. The Group's operating profit climbed by 45% to EUR 3.5 billion, delivering the EBIT target for 2016. The Group's fourth-quarter EBIT of EUR 1.111 billion represented operationally the best quarterly result in company history.read press release

"2016 was a very successful year for us and we are very well positioned to sustainably grow in the future.""In an interview, CEO Frank Appel explains how the company plans to continue growing in the coming years and why it is important to promote open markets.read interviewwatch video interview

"We are successful despite weak economic tailwind"Deutsche Post DHL Group once again posted strong earnings in the third quarter of the current financial year. In an interview, CEO Frank Appel explained how the company is benefiting from the dynamic development of the e-commerce market and what expectations the Group has for its business performance in the coming years.read interviewwatch video interview

Deutsche Post DHL Group continues strong earnings trend in the second quarterDeutsche Post DHL Group increased operating profit significantly in the second quarter of 2016. Group EBIT climbed to EUR 752 million, or a 40.0% increase over the prior-year period (2015: EUR 537 million).read press release

"We are well on track to achieve our 2016 targets"Deutsche Post DHL Group continued its strong business performance in the second quarter of 2016, and once again significantly increased EBIT. In an interview, Chief Financial Officer Larry Rosen talks about the factors behind the positive performance and the expectations the company has for the current business year.read interviewwatch video interview

Deutsche Post selling its long-distance bus serviceDeutsche Post is withdrawing from the long-distance bus market and selling its bus business to FlixMobility GmbH, which offers travel services under its Flixbus brand.to the press release

Deutsche Post DHL Group delivers strong earnings performance in Q1 2016Deutsche Post DHL Group increased operating profit significantly in the first quarter of 2016. Group EBIT rose to EUR 873 million, or 21.3% over the prior-year period (2015: EUR 720 million). Group revenue decreased by 6.1% to EUR 13.9 billion in the first three months of the year (2015: EUR 14.8 billion).read press release

"Our efforts have delivered further success"In an interview, Chief Financial Officer Larry Rosen talks about the factors behind the company's good performance and the progress made in the implementation of Strategy 2020.read interviewwatch video interview

Deutsche Post DHL Group meets 2015 earnings forecast with record operating performance in the fourth quarterDeutsche Post DHL Group increased revenue in 2015 and met its forecast for operating profit. Following a very strong fourth quarter, the Group's consolidated EBIT for full-year 2015 amounted to EUR 2.41 billion. The Group had targeted a figure of at least EUR 2.4 billion.read press release

"We made significant progress on our strategic initiatives"In an interview, CEO Frank Appel explains what initiatives were taken in the previous year and how the company intends to achieve the goals it has already communicated for 2016 and beyond.read interviewwatch video interview

Contributing to the environment and society - A performance factorTo mark the publication of the Deutsche Post DHL Group Corporate Responsibility Report 2015, Group executives share their viewpoints on the integral role that Corporate Responsibility plays in the Group Strategy.read interview

Deutsche Post DHL Group lays further important foundations for long-term successDPDHL Group has continued to lay the groundwork for long-term business success. In the process, the Group has recorded a number of one-off effects that impacted earnings in the third quarter of 2015. Group revenue increases by 3.0% to EUR 14.4 billion in third quarter of 2015; Group EBIT impacted by one-off effects: decline to EUR 197 million.read press release

"We are further laying the groundwork for the success of Strategy 2020"In an interview with Deutsche Post DHL Group News, CEO Frank Appel discusses the latest developments and explains how the company will make progress on the path to a sustainably profitable future.read interviewwatch video interview

Deutsche Post DHL Group: Further important steps taken in line with Strategy 2020Deutsche Post DHL Group has taken further steps in recent months to position its business units for long-term success in line with its Group Strategy 2020. This has significantly impacted earnings in the second quarter of 2015.read press release

"Foundations for the success of Strategy 2020 further strengthened"In an interview with Deutsche Post DHL Group News, Chief Financial Officer Larry Rosen discussed recent developments in the Group's business and reviewed its progress toward the successful implementation of Strategy 2020.read interviewwatch video interview

Interview with Christof Ehrhart on SOS Children's Villages in Africa
Deutsche Post DHL Group and SOS Children's Villages have been working in global partnership for five years now. The worldwide logistics company and SOS Children's Villages marked the milestone with an inaugural regional conference mid-July. Christof Ehrhart, Head of Corporate Communications and Responsibility at DPDHL Group, talks about the future of the Group's cooperation with SOS Children's Villages in Africa.read background article

Deutsche Post DHL Group grows revenue, confirms earnings guidance for 2015 and 2016Deutsche Post DHL Group further increased revenue in the first quarter of 2015. Revenue grew by 8.8% over the prior-year quarter to EUR 14.8 billion (2014: EUR 13.6 billion). This development reflects sustained growth in revenues and volumes in the international express business as well as in the German parcel business. The Group's operating profit slightly decreased by 1.0% in the first quarter to EUR 720 million.read press release

"We are laying the foundations for the successful implementation of Strategy 2020"In an interview with Deutsche Post DHL Group News, Chief Financial Officer Larry Rosen reviewed the most recent development of the Group's business and explained how it is addressing current challenges in order to safeguard its long-term success in a demanding market environment.read interviewwatch video interview

Background: The (electric) revolution is being televised
May 9 marked the first time that the inaugural FIA Formula E Championship brought its electric racing to Europe. Ten teams, including Richard Branson's Virgin Racing, Leonardo DiCaprio's Venturi, Andretti FE and Audi Sport ABT took to Monaco's iconic street circuit. The championship, with six different winners from seven races so far, has already shown that it can deliver thrills and spills for motor racing fans. Formula E CEO Alejandro Agag has also promised that it will help to spark a revolution in electric cars.read background article

Deutsche Post DHL Group increases earnings and continues to invest in long-term successDeutsche Post DHL Group has increased revenues and met its targets for EBIT and cash flow in 2014. Compared to last year, revenues rose by 3.1 percent to EUR 56.6 billion with all four of the company's operating divisions contributing to this improvement. The Group's strong operational performance enabled margin improvements that led to an EBIT increase of 3.5 percent to EUR 2.97 billion in 2014.read press release

"Focus on continuous improvement in all divisions"In an interview with Deutsche Post DHL News, CEO Frank Appel talks about the company's continuing solid performance. In addition, Appel explains why in 2015 the company will focus on investing in further improvement of the Group's structures and processes as a way of bolstering its long-term success while still generating further growth.read interviewwatch video interview

"Corporate responsibility is a major success factor""Insight" is the title of the 2014 Corporate Responsibility Report being released today by Deutsche Post DHL Group. In an interview with Deutsche Post DHL News, Christof Ehrhart, responsible for Corporate Communications and Corporate Responsibility at Deutsche Post DHL Group, talks about the idea behind this title the Group's recent progress in the area of responsible business practice.read interview

Sharpening competitive edge through innovation "at the margins"Creating a real competitive edge in a mature market is no easy task. The highly competitive express business in the US and Europe presents a prime example of a market in which companies need to explore innovative ideas at the margins in order to stay a step ahead.read blog post

"Our employees are role models for young people."Deutsche Post DHL and SOS Children's Villages have been partners in Madagascar for five years. Christof Ehrhart, responsible for Corporate Communications and Corporate Responsibility at DPDHL, looks back - and forward. In this interview, he also reveals what makes the partnership so special.read interview

Deutsche Post DHL boosts revenues and earnings in the third quarterDeutsche Post DHL continued to generate profitable growth in the third quarter of 2014, powered by its strong market position in the most dynamic segments and regions of the world. Revenues climbed by more than 4 percent in the period between July and September to EUR 14 billion.read press release

"Further expanding our leading position"Deutsche Post DHL released its results for the third quarter of 2014 today. During the period, the company continued to deliver the positive results seen in the first two quarters of the year, producing further gains in revenues and earnings. Nine months into the year, the Group remains well on its way to hitting its targets for 2014. In the following interview, CEO Frank Appel explores the background of these themes.read interview

The New Economics of EnergyFor the last few years, we have been living through an oddly quiet revolution in the energy business. As pundits ponder the potential of electric cars and renewable energy sources, oil and natural gas production is booming, largely due to innovations such as deep water drilling, hydraulic fracturing ("fracking"), and horizontal drilling.read article

Stakeholder management as a factor for successDeutsche Post DHL presented the fourth volume of its study series on important trends in business and society, entitled "Delivering Tomorrow - Exchange, Engage, Excel: Creating Value Through Stakeholder Engagement." For the first time in the series, an issue from the field of corporate governance has been a subject of scrutiny. The authors, prominent scholars and practitioners without exception, examine responsible corporate governance, the management of stakeholders and/or their demands with which companies must deal. One major insight from their contributions: The key to success lies in continual and open dialog.read article

On the trail of tomorrow's trends
"Exchange, Engage, Excel: Creating Value Through Stakeholder Engagement" is the fourth "Delivering Tomorrow" study published by Deutsche Post DHL. The study series, initiated five years ago by the Group, examines major trends in the logistics industry and beyond, including those issues that move our economy as a whole.read article

Exchange, Engage, ExcelVideo, images and background information on the study.to the special

"Our employees make an important contribution to society"Christof Ehrhart, Director of Corporate Communications and Responsibility at Deutsche Post DHL, talks about employee involvement in Global Volunteer Day, the participating organizations, and explains how Global Volunteer Day fits into the Group's Corporate Responsibility strategy.read interviewread GVD 2014 special

Deutsche Post DHL is using more and more green powerThe role of renewable energies is expanding around the world: Energy is a key issue in nearly every region of the world. And it is easy to see why: Demand is constantly rising, but fossil fuels are finite and also damage the environment. Political initiatives in many countries, activities by trade associations and nongovernmental organizations and the creation of networks are fueling the growth of renewable energiesread article

"Making a strong company even better"Deutsche Post DHL announced its results for the second quarter of 2014. Revenues continued to climb and earnings saw another significant increase. Six months into the year, the company remains in a good position to achieve its targets for 2014. In the following interview, CEO Frank Appel explores the background of these themes.read interview

Interim Report January to June 2014Deutsche Post DHL, the world's leading postal and logistics group, has released the financial figures for the second quarter of 2014.Reporting January to June 2014

"We intend to focus even more closely on internal customers"At Deutsche Post DHL, more than 650 people work around the world on procurement - that is the purchase of products and services as well as fleet management. In the following interview, Chief Procurement Officer Michael Nießen discusses Deutsche Post DHL's approach to managing its global purchasing operation and the goals the Group intends to reach in this area.read interview

"Green strategy strengthens market position and helps protect the environment"Every year on June 5th, the United Nations calls on the world to celebrate World Environment Day (WED). Christof Ehrhart, Executive Vice President of Corporate Communications and Responsibility, explains why WED 2014 is right in line with Deutsche Post DHL's strategy.read interview

Teardrop Trailer and moreDeutsche Post DHL further expands its fleet of about 11,500 vehicles with alternative drive systems and aerodynamic modifications. The Group adds one so-called Teardrop Trailer for use throughout Germany and France as part of its logistics solutions for its customer Airbus. The aerodynamic form of this teardrop-shaped trailer featuring a curved roof reduces air resistance.read article

Deutsche Post DHL boosts revenues and earnings in the first quarter of 2014Deutsche Post DHL, the world's leading postal and logistics group, continued to boost revenues and earnings in the first quarter of 2014. At nearly EUR 13.6 billion, revenues generated in the first three months of the current year rose more than 1 percent above the previous year's level. Adjusted for negative exchange-rate effects and other inorganic factors, the revenue increase would have been more than 5 percent. The company also continued to improve operating earnings: In the first quarter of 2014, consolidated EBIT increased by more than 2 percent to EUR 726 million. The company's consolidated net profit also rose during the first quarter of the year and totaled EUR 502 million, a slight increase over the previous year's level.read press release

"Successful start to the new year"Deutsche Post DHL released its results for the first quarter of 2014 today. Adjusted for inorganic effects, revenues rose significantly from the previous year's level. The positive earnings trend seen in recent years continued at the beginning of 2014 as well. In an interview with Deutsche Post DHL News, CFO Larry Rosen discusses the first-quarter figures, the performance of the individual business units and the Group's outlook.read interview

Background: Good advice does not have to come from outsideInternational, analytical, dynamic - many business consulting firms use these adjectives to recruit highly qualified young individuals. Inhouse Consulting at Deutsche Post DHL goes one step further: For 15 years now, it has been offering direct access to the most exciting change processes at the world's leading postal and logistics provider. Both sides profit from this situation: Young consultants get to know the Group from the ground up, and the company can systematically train its leaders of tomorrow.read background article

Deutsche Post DHL announces "Strategy 2020"Deutsche Post DHL announced its new "Strategy 2020: Focus.Connect.Grow." today in Frankfurt - a continuation of the positive momentum generated by the successful "Strategy 2015" defining the Group's next phase of development. Strategy 2020 outlines the Group's strategic priorities for the coming years and underscores its goal to become the company that defines the logistics industry.read press release

"Accelerating organic growth" Today Deutsche Post DHL presented "Strategy 2020: Focus.Connect.Grow." With "Strategy 2020", Deutsche Post DHL looks to build on the success of the past several years and to further establish its leadership role in the global logistics industry. In a conversation with Deutsche Post DHL News, CEO Frank Appel explains the core elements and objectives of the new strategy.read interview

Capital Markets DayFive years into the successful path of our Strategy 2015 we will provide an update on the final milestones of our journey as well as give an outlook on the route further ahead.to the event

Background: Ready for Take-OffIt's been a turbulent time for aviation and aerospace of late - but with growth returning there is a new mood of bullishness in the industry. Yet with a shift to the east and aviation supply chains becoming more dispersed than ever, there are challenges ahead for aviation manufacturers, suppliers and logistics providers.read background article

Deutsche Post DHL meets earnings guidance and proposes higher dividend for 2013Deutsche Post DHL generated revenues of more than EUR 55 billion and boosted profitability once again in 2013. Compared with the previous year, revenues declined slightly, by 0.8 percent to EUR 55.1 billion, as a result of negative exchange-rate and other inorganic effects. Adjusted for these factors, however, revenues rose by nearly 3 percent. Operating earnings finished the year 2013 within the targeted corridor of between EUR 2.75 billion and EUR 3.0 billion. Consolidated net profit reached EUR 2.1 billion during the past year, an increase of more than EUR 450 million compared to 2012.read press release

"Clear focus on our targets" Deutsche Post DHL announced its 2013 results today. The company developed well amid challenging market conditions in 2013 and further improved its profitability. In the interview with Deutsche Post DHL News, CEO Frank Appel talks about the factors that led to the strong results and outlines his expectations for the current year and beyond.read interviewwatch video interview

"Social and environmental responsibility is a part of our core business""The AND makes the difference" - this is the title of this year's Corporate Responsibility Report that Deutsche Post DHL released today. In the interview with Deutsche Post DHL News, Christof Ehrhart, Director of Corporate Communications and Responsibility at Deutsche Post DHL, discusses the significance of this one small word for the business activities of the world's leading postal and logistics provider.read interviewwatch video interview

The 10th report on corporate responsibility has been releasedIn issuing its "Corporate Responsibility Report 2013" today, Deutsche Post DHL is celebrating a little anniversary. The latest edition is the 10th report in which the Group informs its stakeholders and the general public about the initiatives, guidelines, projects and measures it has developed and introduced as part of its corporate and social responsibility. This year also marks the first time that the Corporate Responsibility Report is being issued alongside the company's Annual Report.read background article

For investment decisions, private investors increasingly trust in annual reports - shares are an 'investor's favorite'.How do German private investors get their information and what kind of information is it? What do German private investors today think is important for their investments? What's the difference between their preferences and those of institutional investors? For the third time now Deutsches Aktieninstitut, together with the University of Bochum and Deutsche Post DHL, has surveyed investors about these issues. read article

"Motivation and conviction make the difference" In the last few days Deutsche Post DHL donated EUR185,000 (US$250,000) to the relief organisation TECHO. With that kind of money, 100 houses for poor people in Latin America can be built but for the Group it's more than just about money. DPDHL News spoke with Ralf Dürrwang, Head of Corporate Citizenship, about these topics.read interview

"We are confident about the future"Larry Rosen, the Chief Financial Officer of Deutsche Post DHL, is meeting with investors today at the Commerzbank German Investment Seminar in New York updating them on the company's current business situation. In an interview with Deutsche Post DHL News for this newsletter edition, Rosen talks about the Group's recent performance and its near-term prospects.read interview

Out of China's shadow?Among BRIC countries Brazil and India are the two most robust economies with growing domestic consumer markets and government plans for infrastructure development. Does that make them long term best bets?read article

New logistics portal "Logistics Newsroom"If you are interested in further company and industry information, please have a look at our new logistics portal "Logistics Newsroom" where we bundle news, trends and opinions out of the logistics world in order to give journalists, bloggers and everyone interested in the industry a global news overview on a daily basis.to the Logistics Newsroom

The car's the starThe engine of the auto industry is new vehicle launches, which can take three years and cost more than $500 million. In an increasingly global business, the resulting supply chains and promotional efforts often stretch around the world.read article

Deutsche Post DHL boosts earnings in the third quarter of 2013Despite a slight decline in revenues, Deutsche Post DHL boosted its earnings once again in the third quarter of 2013. Revenues produced by the Group fell by 2.5 percent to EUR 13.5 billion as a result of negative exchange-rate and other inorganic effects. Adjusted for these factors, third-quarter revenues improved 3.4 percent compared to last year's period. The Group's operating earnings increased by 7 percent to EUR 646 million in the third quarter of the current year. Likewise, consolidated net profit climbed by nearly 6 percent to EUR 399 million in the period between July and September 2013 compared with the previous year's level.Read press release

Interview with Frank Appel: "Satisfied with our business performance" Deutsche Post DHL announced its results for the third quarter of 2013 today. The company continues to perform well in a challenging business environment, and its most important fundamental growth trends remain intact. Earnings rose once again and Deutsche Post DHL is making further progress toward achieving its 2013 and medium-term targets.
In an interview with Deutsche Post DHL News, CEO Frank Appel discusses the reasons behind the company's continuing good performance, outlines his upcoming priorities and talks about the Group's latest initiatives.Read interviewWatch video interview

Background: ADAC Postbus - the bus for Germany
On November 1, 2013, Deutsche Post, the market leader in the German mail and parcel market, and ADAC, Europe's largest automotive club, opened a new chapter in German transportation history: With their entry into the German long-distance bus market, both partners are expanding their range of services - and are setting new quality standards for the market with the "bus for Germany". Employing a systematic premium strategy, the ADAC Postbus, which will initially serve 24 cities on five routes, is setting out on a journey to become the market leader in coming years.Read article

Africa moves beyond the mythsThrow out your preconceptions about doing business in Africa. It's currently the world's most exciting development region, and opportunities far outstrip obstacles.read article

The End of EasyThe Age of Oil is far from over, but the Age of Easy Oil is drawing to a close. The exploitation of new oil and gas sources, made economically viable by rising demand, involves elaborate technical processes and the logistical challenges of supplying some truly remote locations.read article

Has innovation had its day?We might be living in an age of technological marvels, but some experts are arguing that scientific research is slowing down and truly game-changing breakthroughs are a thing of the past. Innovation optimists, on the other hand, say that reports of its death have been greatly exaggerated.read article

'Our people are not satisfied with just one-time actions'Employees renovate schools in Asia, clean up nature preserves in Scandinavia and give young people in Germany tips for putting together effective resumes and job applications. There is no limit to the number of ways in which Deutsche Post DHL employees can get involved in Global Volunteer Day and contribute to a good cause. read article

Deutsche Post DHL remains on successful pathDuring the second quarter of 2013, Deutsche Post DHL generated further gains in revenues and earnings. Revenues produced by the world's leading mail and logistics group totaled EUR 13.6 billion between April and June. The Group's operating earnings increased 14 percent to EUR 619 million in the second quarter. The reversal of a provision in the MAIL division during the second quarter and the absence of a number of one-time effects that negatively impacted the previous year's results contributed to this increase. During the second quarter, consolidated net profit climbed from EUR 196 million in 2012 to EUR 422 million in 2013 due in part to the one-time effects. The Group also made considerable headway in cash generation: During the second quarter of 2013, free cash flow was around EUR 350 million above the previous year's level.Read press release

Interview with Larry Rosen: "Attractive investment for shareholders" Deutsche Post DHL has just released its results for the first six months of 2013. The world's leading mail and logistics group once again reported gains in revenues and earnings. This development was driven by a solid performance of the international express business and the parcel segment in Germany. The Group's focus on cash flow is increasingly paying off as well. Following the successful first half of 2013, the Group has - driven by a positive one-time effect in the MAIL division - slightly raised its earnings guidance for the entire year.
In an interview with Deutsche Post DHL News, CFO Larry Rosen discusses the company's results for the first half of 2013 and explains why Deutsche Post DHL is confident about the rest of the year.Read interviewWatch video interview

Background: British healthcare system
The UK National Health Service is a cherished institution. But financing the NHS has always been a challenge, and the UK economy is troubled. Today, as an austerity program aims to restore health to public finances, the need to improve NHS efficiency has never been more acute. New supply chain solutions may be the answer.Read article

Trend of temperature mappingTo deal with a business environment that is changing at a feverish pace, the life sciences and healthcare sector is looking at new opportunities for temperature control. In addition, changing demographics and the global economy are both affecting the demand for drugs and LSH products.read article

New standard with DHL ThermonetDHL THERMONET is a comprehensive new service offering higher visibility and greater control in the delicate transport of temperature-sensitive products. This unique end-to-end service integrates proprietary SmartSensor technologies with transportation, packaging, and intervention capabilities.read article

Deutsche Post DHL boosts operating profit in the first quarter of 2013During the first quarter of 2013, Deutsche Post DHL built on its successful performance of last year. In a business environment characterized by persistent economic challenges, the world's leading postal and logistics group increased revenues by 0.6 percent to EUR 13.4 billion in the first three months of the year compared with the same period last year. The Group improved its operating earnings once again: At EUR 711 million, EBIT produced during the first quarter rose EUR 20 million above the level generated in the same period last year. The development of the consolidated net profit was even more pronounced: Net income adjusted for last year's one-time effects related to the final Postbank transaction jumped by 45 percent to nearly EUR 500 million.Read press release

Interview with Larry Rosen: "A satisfying start" Today, Deutsche Post DHL announced its results for the first quarter of 2013. Revenues increased slightly compared with the same quarter last year, particularly due to the ongoing growth momentum in the international express business as well as in the German parcel unit. The Group's operating earnings grew faster than revenues once again. In light of its solid start in 2013, the group confirmed its earnings guidance for the full year.
In an interview with Deutsche Post DHL News, CFO Larry Rosen discusses the company's results in the first quarter of 2013 as well as its priorities and outlook for the coming months.Read interviewWatch video interview

Background: Engineering & Manufacturing
For engineering and manufacturing companies, the future is increasingly global and increasingly complex. Logistics contributes to master these challenges. The E&M Sector is set to experience outstanding growth. For logistics companies, this means evolving to meet these new changing needs. They must cope with many new interfaces and complex global processes.Read article

Taking on Responsibility Together: Deutsche Post DHL releases its Corporate Responsibility Report 2012Deutsche Post DHL, the world's leading mail and logistics services company, released its Corporate Responsibility Report 2012 today. The report covers the Group's core "Living Responsibility" programs - GoGreen, GoHelp, and GoTeach - as well as issues and topics relating to Human Resources and health within the Group. "Responsibility is a part of everyday business at Deutsche Post DHL," says Christof Ehrhart, Director of Corporate Communications and Responsibility. "We get involved in the communities in which we operate, and to do this, we rely on the know-how and commitment of our employees. Ultimately, the only way to ensure business success over the long term is to assume our place as a responsible company within the community."Read press release

Interview with Christof Ehrhart: "Sustainability and corporate responsibility are integral components of our corporate strategy" "Taking on Responsibility Together" - under this title Deutsche Post DHL today presented this year's report on corporate responsibility. In an interview with Deutsche Post DHL News, Christof Ehrhart, Director of Corporate Communications and Responsibility in the Group, talks about green anniversaries, big figures and the future of responsibility.Read interviewWatch video interview

Background - GoGreen: How a parcel shipment becomes climate neutral
A CD of a favorite band, the latest smartphone or a bottle of red wine for the evening pasta - everything today is often just a mouse click away. Ordered online, then immediately and conveniently delivered to the home: It's as simple as that. And if the GoGreen delivery option from Deutsche Post DHL is also selected at the same price with a second mouse click, shipping is even climate neutral. That too is quite simple. But how do you make the CO2-emissions of a complex transport chain simply disappear with the click of a mouse? Only thanks to the intelligent interplay of different measures.Read article

Deutsche Post DHL remains on growth track - earnings guidance for 2012 fulfilledDeutsche Post DHL, the world's leading postal and logistics group, is looking back on a successful 2012. Group revenues increased 5.1 percent to EUR 55.5 billion during the 12-month period. The excellent position that the Group and its divisions maintain in the most dynamic markets also led to a strong rise in the company's profitability last year. At EUR 2.67 billion, operating earnings finished the year within the announced target corridor of EUR 2.6 billion to EUR 2.7 billion and were more than 9 percent above the previous year's level. The Group's consolidated net profit climbed by about EUR 500 million to EUR 1.66 billion in 2012.Read press release

Interview Frank Appel: "On track in a challenging environment" Deutsche Post DHL released its results for 2012 today. The Group once again boosted revenues and produced strong increases in operating earnings. In an interview with Deutsche Post DHL News, CEO Frank Appel talks about the reasons for the Group's good performance and outlines his priorities and goals for 2013.Read interviewWatch video interview

Background - Technology sector: The emerging high-tech market
Rapid growth in the technology sector is being driven by demand from the emerging markets of Asia, Latin America, and Africa - with profound implications for both high-tech industry and cutting-edge logistics.
Cell phones, tablets, PCs, smartphones - high-tech devices are no longer the preserve of wealthy western nations. Sometime in 2013, the number of mobile phone accounts in operation around the world is expected to match the number of people on the planet. Demand in developing markets - from the so-called BRIC countries to Africa and beyond - is outstripping that in mature economies and driving rapid growth. Accompanied by dynamic high-tech trends, this shift has profound implications for the entire technology sector.Read article

Deutsche Post DHL confirms 2012 earnings guidance in a volatile environmentDeutsche Post DHL continued to increase its revenues during the third quarter: at EUR 13.8 billion, revenues generated between July and September climbed 5.7 percent above the previous year's level. In addition to favorable exchange-rate effects, this increase also reflects the ongoing organic revenue growth produced by all three DHL divisions. These businesses continue to benefit from their strong market position in the world's growth markets - particularly in Asia. As a result, the profit of the logistics division as a whole continued to increase. The company's parcel business, an area that is generating a growing share of revenue in the MAIL division, remained dynamic. During the third quarter, it once again generated strong gains in both volume and revenues.Read press release

Interview with Frank Appel: "We remain on track" In the third quarter of the year, Deutsche Post DHL remained on its long-term growth path even as the world economy continued to slow. Revenues climbed above the previous year's level, fueled in particular by the continued dynamic performance of the international express business as well as the national parcel unit. But operating earnings slipped below the previous year's level. Nevertheless, the Group has confirmed its guidance for the entire year. In an interview with Deutsche Post DHL News, CEO Frank Appel talks about the company's year-to-date performance and the outlook and priorities for the coming months.Read interviewWatch video interview

Background: Parcel Germany - Online shopping in an instant
Take a moment after work to quickly place an order for the latest smartphone, buy the next couple of days' worth of groceries for home delivery, receive urgently needed medication right on time or just have laundry detergent sent to you once a month - for many people, especially working people, seniors and young families, these options make life easier. Whether it is the latest electronic toy, furniture or fresh food: online, the full range of everyday necessities is just a mouse click away.

Evolving business models and changing consumer behavior ensure there will be no end in sight to the e-commerce boom. In the process, demand for rapid, tailored and transparent shipping solutions and logistics services continues to grow. For Deutsche Post DHL, these service solutions form the foundation of the company's daily business. As a result, the Group is systematically investing in the expansion and modernization of its German-wide parcel network.Read article

Deutsche Post DHL remains on growth pathThe growth trend at Deutsche Post DHL, the world's leading postal and logistics group, remained firmly in place during the second quarter of 2012. At EUR 13.7 billion, revenues generated between April and June rose 7.3 percent above the previous year's level. Supported by favorable exchange rate effects this increase exceeded the growth rate produced in the first quarter of the year. The positive development was largely due to the performance of the DHL divisions which continue to benefit from their exceptional market position in the rapidly growing regions of the world - particularly in Asia. In addition, the company's parcel business generated double-digit growth in volume and revenues, making a significant contribution to the Group's strong performance.Read press release

Interview with Larry Rosen: "Our growth trend continues" Today, Deutsche Post DHL announced its results for the second quarter of 2012. Revenues increased compared with the same quarter last year, and the profitability of the Group further improved, adjusted for one-time effects. Both pillars of the Group continued their positive development, with the DHL unit remaining the company's growth driver. In an interview with Deutsche Post DHL News, CFO Larry Rosen discusses the company's results for the second quarter of 2012, explains the one-time effects recorded during this period and comments on the Group's adjusted earnings guidance.Read interviewWatch video interview

Background: Idea management - The Thinker's Club
Every company needs to innovate if it is to move forward. And every innovation starts with an idea. What could be better than collecting ideas from the people who know the company the best – the employees? Around 470,000 of these potential innovators work for Deutsche Post DHL in over 220 countries and territories, making the Group one of the largest employers in the world – and one of the biggest "think tanks".Read article

Deutsche Post DHL drives ahead with growth in the first quarter of 2012 - Group posts further revenue and earnings increasesThe Group continued its strong performance from last year in the first quarter of 2012 and remains on its successful growth path. Group revenues rose by 4.3 percent compared with the same quarter last year, reaching EUR 13.4 billion. Thanks to further profitability improvements in all divisions, the Group's operating result rose above average in the first quarter: EBIT climbed by 9.9 percent to EUR 691 million. During the same period the company's consolidated net profit improved to EUR 533 million.Read press release

Interview with Larry Rosen: "Carrying out growth plans with full energy" Today, Deutsche Post DHL announced its results for the first quarter of 2012. Revenues continued to rise year-on-year, with EBIT outpacing top-line growth. Both pillars of the Group continued to perform well, with the DHL divisions continuing to act as the company's growth drivers. In an interview with Deutsche Post DHL News, CFO Larry Rosen discusses the company's results in the first quarter of 2012, reviews important developments of recent months and provides an outlook for the full year.Read interviewWatch video interview

Background: CR Day 2012 - "Sustainable corporate management is a crucial factor for achieving long-term economic success"
Does capitalism have a future? How can our economy produce sustainable growth? And how can companies keep people employed longer? At Deutsche Post DHL's second Corporate Responsibility Day, experts participating in various panel discussions under the overarching motto of "Taking Responsibility Together" critically examined the structure of a sustainable economic system and the challenges posed by demographic change. They passionately debated if capitalism had a viable future and how companies could, in light of the demographic shift impacting society, develop new models of work to retain older people with age-appropriate jobs.Read article

Deutsche Post DHL generates double-digit earnings growth in 2011 - higher dividend proposedDeutsche Post DHL had a very successful fiscal year 2011, having generated significant gains in both revenues and earnings. Compared with the previous year, Group revenues rose by 2.8 percent to EUR 52.8 billion. Adjusted for exchange-rate and consolidation effects, the company's revenues climbed even more steeply at 5.3 percent. At more than EUR 2.4 billion, the Group's operating earnings were almost one-third higher than the previous year's level, reaching the earnings guidance that the company increased twice during 2011. Consolidated net profit totaled EUR 1.2 billion in the past fiscal year. Excluding the valuation effects related to the Postbank sale, this amounts to a rise of more than 50 percent year on year.Read press release

Interview Frank Appel: "A very good year for Deutsche Post DHL" Deutsche Post DHL released its results for 2011 today. Revenues rose steeply once again, and operating earnings increased at an even higher rate. While both of the Group's pillars hit their ambitious targets, the logistics division has established itself as the company's growth driver. In an interview with Deutsche Post DHL News, CEO Frank Appel talks about the Group's good performance last year and discusses what the company has in store for 2012 in terms of business and focal points.Read interviewWatch video interview

Background - Logistics 2050: "Stuff for a bestselling novel"
In its recently released study "Delivering Tomorrow: Logistics 2050" Deutsche Post DHL, together with highly respected experts, takes a far-reaching look at the year of 2050. The results are five alternative scenarios that show how the world may develop in terms of the degree of globalization, the extent of economic and social change, technology standards and environmental conditions. In the process, the study makes clear that business conditions and the role of the logistics industry will have undergone a metamorphosis by the time 2050 arrives.Read article

Deutsche Post DHL remains on growth path - full-year earnings guidance increasedDeutsche Post DHL boosted revenues and significantly improved its profitability in the third quarter of 2011. Compared with the previous year, Group revenues increased by 2.5 percent to EUR 13.1 billion between July and September. Adjusted for exchange-rate and consolidation effects, the upward trend was even more pronounced: revenues increased by 5.7 percent and continued the high growth level achieved in the first half of the year.Read press release

Interview Frank Appel: "Our growth trend clearly continues"Deutsche Post DHL performed very strongly in the third quarter of 2011 despite the slowdown in global economic growth and major uncertainties in financial markets. Once more, earnings increased at a higher rate than revenues. Following this positive business development in the last quarter the company once again raised its full-year earnings guidance. In an interview with Deutsche Post DHL News, CEO Frank Appel explains the reasons for the company's continued positive performance and discusses the opportunities and strategic priorities of the world's leading postal and logistics group.Read interviewWatch video interview

Background: Parcel Germany
Jürgen Gerdes, the Board of Management member at Deutsche Post DHL who oversees the MAIL division and thus the parcel business in Germany: "Our goal is clear: Parcels should be delivered as fast as letters. As the market leader, we intend to provide our customers with better, more innovative services in the future. As part of our Parcel Concept 2012, we will invest EUR 750 million in the continued modernization of the German parcel business in coming years." As a result of these investments, the parcel business will ultimately become the second strong pillar of the MAIL division. Even without the capital expenditure, the business is already generating high growth rates these days.Read article

Background: Career support for women and generation contract As part of the Strategy 2015 that the Group introduced in 2009, the Group implemented a people strategy that provides each employee with individual career opportunities. Systematic, long-term oriented career support for women and the recently signed generation contract are two examples of the wide range of carefully coordinated measures, that Deutsche Post DHL employs.Read article

Deutsche Post DHL markedly boosts profits in the second quarter of 2011 - full-year earnings guidance improvedDuring the second quarter of 2011, Deutsche Post DHL continued the strong performance it showed in the first three months of the year and remained firmly on its growth path. At EUR 562 million, EBIT in the second quarter of 2011 was more than doubled compared to the same period last year. The improvement in consolidated net profit was even stronger. At EUR 278 million, it more than tripled.Read press release

Interview Larry Rosen: "DHL and parcel drive further growth"Deutsche Post DHL remained on its profitable growth path during the second quarter of this year. In the period, the Group's operating earnings grew much stronger than revenue once again. In an interview with Deutsche Post DHL News, CFO Larry Rosen closely examines recent business and earnings trends and discusses the outlook for the rest of 2011.Read interviewWatch video interview

Background: One procurement organization, many winners
Deutsche Post DHL is also a mover of procurement markets. For the 570 employees of the Group unit set up in 2003 who work in 48 countries around the world, this job creates a huge challenge day in and day out. The global procurement network supports the Group's divisions in every region, purchasing everything from microchips to letter-sorting equipment.Read article

Deutsche Post DHL boosts revenues and profitability in the first quarter of 2011Deutsche Post DHL remained firmly on its growth course in the first quarter of 2011. Compared with the previous year's results, Group revenues increased by 6.9 percent to EUR 12.8 billion during the first three months of 2011. This positive performance was driven by the strong growth generated in all three DHL divisions.Read press release

Interview Larry Rosen: "We deliver as promised"In the first three months of 2011, Deutsche Post DHL increased both its revenues and profitability. The company's EBIT grew by 23 percent. In an interview with Deutsche Post DHL News, CFO Larry Rosen takes a closer look at the quality of the company's earnings performance and explains its growth opportunities in detail.Read interviewWatch video interview

Deutsche Post DHL exceeds forecast and proposes increased dividend for 2010Deutsche Post DHL significantly increased its revenues during the past financial year and strongly improved its profitability. A slight drop in revenue in the MAIL division, caused in part by a regulatory change in value-added tax that took effect in mid-2010, was more than offset by vigorous top-line growth in all DHL divisions.Read press release

Interview Frank Appel: "We focus on growth"Today, Deutsche Post DHL announced its results for 2010. Revenue grew at a double-digit rate, rising to more than EUR 51 billion, and underlying EBIT climbed overproportionally by nearly 50 percent. In an interview with Deutsche Post DHL News, CEO Frank Appel talks about the reasons for the company's good performance during the past financial year and provides a future outlook.Read interview

Interview Larry Rosen: "We will make further progress"Deutsche Post DHL increased its underlying EBIT by 50 percent and beats its own earnings guidance. In an interview with Deutsche Post DHL News, CFO Larry Rosen closely examines the quality of the company's earnings development and discusses the financial foundation that the Group can build upon to pursue its growth plans in future years. Read interviewWatch video interview

Deutsche Post DHL continues on growth path in third quarter - full-year earnings guidance improvedDeutsche Post DHL, the world's leading postal and logistics group, continued the sound performance of the first half of 2010 during the third quarter, generating another double-digit increase in revenue. Despite a slight decline in the MAIL division, also resulting from a regulatory change in value-added tax that took effect in July, consolidated revenue rose 13.9 percent to EUR 12.8 billion driven by strong growth generated by all three DHL divisions.Press release

Larry Rosen: "A further important step forward"Deutsche Post DHL announced its third-quarter results for 2010 today. From July to September, the world's leading postal and logistics group continued the positive performance of the first half of the year. Revenues increased at double-digit rates compared with the same quarter last year, and underlying EBIT grew even more strongly. In an interview with Deutsche Post DHL News, CFO Larry Rosen talks about the reasons for the good results.Interview

The logistics industry: driver for sustainable businessSustainable logistics are a challenge to our industry, but also an opportunity. In this time of climate change, it is not enough to make a significant improvement in our own CO2 balance. Logistics operators also need to meet the growing demand from customers for environmentally friendly services. Large corporations look for the support of their logistics providers when it comes to reducing their own CO2 emissions.Article

Deutsche Post DHL growth accelerates in the second quarter - full year earnings guidance increasedDeutsche Post DHL, the world's leading postal and logistics group, generated double-digit revenue growth in the second quarter of this fiscal year, strongly accelerating growth rate compared to the first quarter. At the same time, the Group nearly doubled its underlying operating profit versus the same period last year. Press release

Interview with Frank Appel: "We are reaping the fruits of our strategic initiatives and efficiency measures"Today, Deutsche Post DHL released its second-quarter figures for 2010. The Group's underlying EBIT nearly doubled compared with the second quarter of 2009, and revenue generated double-digit growth. In an interview with Deutsche Post DHL News, CEO Frank Appel explains the reasons for the company's strong performance in the quarter and the Group's outlook for the rest of 2010 and future years.Interview

Background: E-Postbrief
By introducing the E-Postbrief on July 14, Deutsche Post DHL brought postal confidentiality into the Internet age. A new era has now begun following more than 500 years of traditional mail communications.Article

Deutsche Post DHL with a strong start in 2010 The world's leading postal and logistics group, Deutsche Post DHL, concluded the first quarter of fiscal year 2010 with an increase in revenues and a strong rise in earnings. Buoyed by the continuing recovery of the world economy and rising transport volumes, consolidated revenue climbed 4.4 percent to EUR 12.0 billion compared with the same period last year. Press release

Larry Rosen interview - "Our efforts are paying off"
Deutsche Post DHL released its first-quarter results of 2010 today. Following the crisis-driven drop in the first quarter of 2009, consolidated revenue was up again from last year's level. From January to March, underlying EBIT almost doubled compared to the three-months period of 2009. In an interview with Deutsche Post DHL News, CFO Larry Rosen discusses the drivers of the company's positive performance and his outlook for the rest of the year. Interview

A high-performance network - even during a crisisFor nearly a week in mid-April, the cloud of ash spewing from the Icelandic volcano Eyjafjallajökull brought the air-transportation system to a complete standstill in many parts of Europe. While much of the public and media focused on the passenger flights canceled as a result of the cloud and the losses suffered by airlines, the freight-transport business experienced its own extensive delays around the world. Article

Deutsche Post DHL exceeds forecasts for 2009 and targets sustainable earnings improvement The world's leading mail and logistics group, Deutsche Post DHL, generated underlying EBIT of EUR1.47 billion in the full year 2009, exceeding its November forecast of at least EUR1.35 billion. One of the key contributors to this positive development was the introduction of the 'IndEx' program at the end of 2008. Press release

Frank Appel interview - "We have managed the crisis successfully"
Deutsche Post DHL presented its results for fiscal year 2009 today. The Group's underlying EBIT totaled EUR1.47 billion last year, well above the capital market guidance of at least EUR1.35 billion issued in November. In an interview with Deutsche Post DHL News, CEO Frank Appel discusses the reasons for the Group's good performance amid challenging economic conditions as well as the company's outlook for 2010 and beyond. Interview

Larry Rosen interview - "We have a very solid financial foundation"
For Larry Rosen, today's Financial Press Conference was the first in his function as CFO of Deutsche Post DHL. In an interview with Deutsche Post DHL News, he discusses the most important developments in the past fiscal year and offers an overview of the Group's future financial strategy. Interview

The "Letter on the Internet" - the best of two worldsFor more than 500 years, letters have been the most important form of written communications. Deutsche Post DHL is now bringing this form to the Internet. With the "Letter on the Internet" - the working name of the product - the company will begin to provide its customers with a binding, confidential and reliable form of electronic communications in mid-2010. The Internet letter represents a milestone in the development of digital communications. For Deutsche Post DHL, it is a critical part of the future strategy pursued by the MAIL Division. Article

Deutsche Post DHL raises full-year outlook to at least 1.35 billion euros - successfully manages impact of economic crisis in third quarter
Deutsche Post DHL saw its third-quarter revenue fall 18.6 percent to 11.2 billion euros in the wake of the continuing global economic crisis. Thanks to strict cost management, however, the Group was able to significantly cushion the crisis' impact on profitability. Interview

Interview: Frank Appel - "We cannot ease up now and must accelerate our successful cost management." Deutsche Post DHL released its third-quarter results today. If the Arcandor effect were excluded, underlying EBIT would have exceeded last year's level, even though revenue fell by 18.6 percent to 11.2 billion euros. In an interview with Deutsche Post DHL News, CEO Frank Appel discussed the results and the company's raised guidance for fiscal year 2009. Interview

Background information on the appointment of Larry Rosen as Group CFOOn September 1, 2009, Larry Rosen was appointed to the Management Board responsible for Finance and Global Business Services at Deutsche Post DHL. Before joining the Group, he was the CFO of Fresenius Medical Care, the world's leading supplier of dialysis products, for six years. Today, he is presenting the quarterly results of Deutsche Post DHL to investors for the first time. Deutsche Post DHL News talked with Larry Rosen about his first weeks on the job at the Group. Article

Background: Exemption to the value-added taxSince coalition negotiations began, Deutsche Post has been among those companies that media reports indicate could be put at a disadvantage by decisions made by the new German government. This assumption is primarily based on statements made by the new German government about changing regulations on the value-added tax that apply to postal services. The truth of the matter is that the previous government also prepared legislation to amend the regulations applying to the value-added tax that would have taken effect on January 1, 2010. In this connection, people also speculated about the possible impact on Deutsche Post. But what is really under discussion here? Article

Interview with Frank Appel - "We're now beginning to reap the fruit of our strict cost-cutting measures" Deutsche Post DHL announced its results for the first half of 2009 today. Although difficult economic conditions are continuing to be felt, the Group has achieved some first successes in its cost-cutting efforts. Underlying EBIT in the second quarter totaled 257 million euros, a 37.8 percent decline compared with the previous year. Revenue fell 17.7 percent to 11.1 billion euros. Interview

Interview: Jürgen Gerdes - "We want to secure jobs"
"We have to act now and take the right steps to ensure that our employees continue to have secure jobs. To do this, we need the support and understanding of employees and unions. This is particularly the case with painful but, in our view, necessary sacrifices such as longer workweeks or a delay of planned pay raises." Interview

Background information on the MAIL Corporate Division
One and half years after the German mail market was completely opened, Deutsche Post still maintains a strong position: Six days a week, more than 95 percent of all letters reach their recipients the day after being mailed. Today, the services of Deutsche Post can be used in more places than ever before. Deutsche Post operates 14,000 retail outlets in Germany. An additional 2,000 Packstationen, 1,000 Paketboxen and 2,500 points of sale for letter and package stamps are also available. Article

Background information on the IndEx program
In late 2007, Deutsche Post DHL introduced its comprehensive capital-markets program Roadmap to Value with the aim of increasing profitability at the Group and sustainably generating more cash from the business. The cost-cutting measures introduced as part of this program were intensified last November in the wake of the global economic crisis. The goal was to reduce indirect costs by 1 billion euros by the end of 2010 and to save this amount annually starting in 2011. Article

Interview with Frank Appel - "If we want to secure jobs over the long term, there can't be any sacred cows"
Deutsche Post DHL released its first-quarter results today. The global economic crisis has had a direct impact on the business of the world's largest logistics company, resulting in a 13 percent drop in revenue and a 42 percent reduction in underlying EBIT. In an interview with Deutsche Post DHL News, Group CEO Frank Appel discusses the steps that he and his management team are planning in order to limit the effects of the economic crisis. Interview

Background information on the Capital Markets Day - Part 1
In connection with the release of its first-quarter figures, Deutsche Post DHL held a Capital Markets Day for analysts and investors in Frankfurt today where Chief Executive Officer Frank Appel as well as all Members of the Board of Management presented their growth strategies. Article

Background information on the Capital Markets Day - Part 2
In connection with the release of its first-quarter figures, Deutsche Post DHL held a Capital Markets Day for analysts and investors in Frankfurt today. In addition to CEO Frank Appel's discussion about the current situation and the Group's future strategy, board members from individual divisions presented their growth strategies for the years ahead. Here is a summary of their statements. Article

Interview with John Allan - "Implementing the measures of Strategy 2015 should trigger satisfactory returns for shareholders in the midterm"
Deutsche Post DHL today unveiled its Strategy 2015 aimed at turning the Group into a high performing organization with the ultimate goal of becoming provider, investment and employer of choice. In an interview with Deutsche Post DHL News, Chief Financial Officer John Allan talks about the financial implications of Strategy 2015. Interview

Background information on how IndEx ties into the Strategy 2015
One of the key components in unlocking the Group's potential is the IndEx program aimed at taking at least 1 billion euros out of 7 billion euros in indirect costs at the corporate functions and the Corporate Divisions. To that end, the Group between November and January set up a project organization and an own governance for the program, agreed on top-down targets and generated savings ideas as well took stock of the existing initiates. So far more than 150 initiatives totalling more than 800 million euros have been identified to contribute to the overall goal. Article

Strategic Performance Dialogue
As part of an overall analysis, which was the basis for the Group's new strategy, the Corporate Center reviewed its key processes and programs. As a result the company decided to introduce a revised Strategic Performance Dialogue between the Corporate Center and the Divisions to help introduce a high-performance culture at the Group. One of the focuses of the approach is to link strategic and financial planning more closely. Article